Fast Fast Growth Steadily Moves into International Market
Since the beginning of the new century, Fast 's production and operations have enjoyed rapid growth year after year, with an average growth rate of more than 30%. The products have been selected as fixed-point supporting products by more than a thousand car models from more than 150 domestic OEMs, with a domestic market share exceeding 70%. Widely exported to the United States, Australia, Eastern Europe, South America, Southeast Asia, the Middle East and other dozens of countries and regions.
At present, Fast has made steady progress in its international development. It has successively established close strategic cooperation relationships with a number of world-renowned brand companies and seized the opportunity to take the unique “FAST†production paradigm out of the country. Thailand established its first wholly-owned factory, which provides a “test ground†for the globalization and development of enterprises.
Fast enters the international market steadily
OEM Turns to Increase International Market Share
In recent years, while increasing the export of OEM parts , Fast is committed to supporting the export of gearbox assemblies, pushing the overall Fast brand to the international market, and gradually promoting the rationalization of the structure of export products.
With the increase in the number of direct transmission complete assembly plants, especially for export truck factories in Eastern Europe, on the basis of the original support, Fast has focused on the promotion of new transmissions and expanded the matching applications of new models.
In response to the characteristics of the Southeast Asian market, Fast has developed a total of 24 technology protocol numbers, including 6-speed, 9-speed, and 12-speed transmissions, and it has been successfully supporting Volvo projects, and most of them have been transferred to the bulk supply stage.
Set up factories overseas, open a new path for internationalization
On October 8th this year, with the successful commissioning of the first 12-speed transmission with the assembly line down in Thailand, the first overseas factory of Fast was announced to start production. As the company’s first overseas factory and Thailand’s first commercial vehicle transmission manufacturer, Fast Automotive Transmission (Thailand) Co., Ltd. started from the foundation for the start of the production line to the introduction of the production line, and then to the first transmission down the line, using only one Year's time. This "FAST" speed has made the local government and industry admired and created a miracle in the local automotive industry.
With the construction of Thai companies, Fast's influence in the Southeast Asian market will further increase. With the Thai market as the base camp, Fast is not only committed to providing full-service for OEMs and end-users in Southeast Asia with high-quality products, professional technical support, perfect sales and service network, and timely spare parts supply. To radiate the global market and open up a new path for international development.
International cooperation to enhance global influence
In the automobile industry in China and even in the world, Fast is a very influential enterprise. In the fierce market competition, it always maintains its leading position in the industry. For Fast, taking the road of cooperation is the best way to increase global influence.
In recent years, thanks to the win-win cooperation, Fast's internationalization has been getting faster and faster. Fast has signed strategic cooperation agreements with many world-famous brand companies, opening up many doors for Fast to go global, and creating a new situation in the globalization, diversification, and high-end development of the company.
Self-reliance can only be self-reliance; innovation can develop. In strengthening international cooperation and exchanges, Fast has always adhered to the principle of mutual benefit and win-win, adhered to independent R&D, and linked innovative R&D models, with the goal of creating national brands as the leading factor and improving efficiency and efficiency. In order to integrate into the global market as quickly as possible, Fast has made great efforts in fostering high-tech and high value-added export products, and achieved a strategic shift from the export of traditional auto parts and gear products to the export of heavy-duty automotive transmission assembly products. The first step in the export of domestic heavy-duty transmissions has won more and more room for development in the international market competition.
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